Natural gas utilities; investments in qualifying projects. (HB1799)

Introduced By

Sen. Lynwood Lewis (D-Accomac)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Natural gas utilities; investments in qualifying projects. Exempts any natural gas utility that serves fewer than 1,000 residential customer and fewer than 250 commercial and industrial customers from the cap on the amount of investments in qualifying projects a natural gas utility may make.  Under current law, a natural gas utility's annual investments in qualifying projects shall not exceed one percent of the utility's net plant investment that was used to establish base rates in its most recent rate case. Legislation enacted in 2012 established a mechanism for natural gas utilities to recover the costs of a qualifying project. A qualifying project is an economic development project for which, among other things, the utility has received a binding commitment from the developer or occupant of the proposed project regarding capacity or a financial guaranty from the developer or state or local government in the amount of at least 50 percent of the estimated investment to be made in the proposed project. Amends § 56-607, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2013Committee
01/08/2013Prefiled and ordered printed; offered 01/09/13 13100919D
01/08/2013Referred to Committee on Commerce and Labor
01/12/2013Impact statement from SCC (HB1799)
01/15/2013Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/17/2013Read first time
01/18/2013Read first time
01/18/2013Read second time and engrossed
01/21/2013Read third time and passed House BLOCK VOTE (87-Y 0-N)
01/21/2013VOTE: BLOCK VOTE PASSAGE (87-Y 0-N) (see vote tally)
01/22/2013Constitutional reading dispensed
01/22/2013Referred to Committee on Commerce and Labor
02/11/2013Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
02/13/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2013Read third time
02/14/2013Passed Senate (40-Y 0-N) (see vote tally)
02/20/2013Enrolled
02/20/2013Bill text as passed House and Senate (HB1799ER)
02/20/2013Signed by Speaker
02/20/2013Signed by President
02/21/2013Impact statement from SCC (HB1799ER)
03/13/2013G Approved by Governor-Chapter 284 (effective 7/1/13)
03/13/2013G Acts of Assembly Chapter text (CHAP0284)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 45 seconds.